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@Daylas - This was my post - On May 1st, HENC sold preferred shares to Magenta Value Holdings where by Magenta controls 90% of the total shareholder votes. This gives basically complete control to Magenta. Holloman Value Holdings sold approximately $2.245M owed to it by HENC to P2B Capital. On May 1, HENC close price was $0.03 or Holloman Value Corp stake around $2.245M. And took out all of Holloman Corps executives.
So beyond maybe holding on to some preferred stock potentially, did Holloman Corp just sell the shell and is out of it?
@Tchauncy or others...- How did Holloman Corp keep their shares if they sold $2.245 worth to P2B? As I read through it, here is what I got out of the PR.
So on May 1st, HENC sold preferred shares to Magenta Value Holdings whereby Magenta controls 90% of the total shareholder votes. This gives basically complete control to Magenta. Holloman Value Holdings sold approximately $2.245M owed to it by HENC to P2B Capital. On May 1, HENC close price was $0.03 or Holloman Value Corp stake around $2.245M. And took out all of Holloman Corps executives.
So beyond maybe holding onto some preferred stock potentially, did Holloman Corp just sell the entire shell and is out of it? It sounds like a potential reverse merger but not with a Holloman entity.
Am I missing something?
Does technical analysis play into a completely speculative stock? Especially if it is a shell? This moves only on rumors, momentum and Holloman itself or the lack of it. We will not move up without hearing/seeing something or volume goes through the roof. However, if what happens as we believe the next, spike should be crazy. Just would like it to be sooner than later...
Don't believe so. I saw it on Page 17, but it seemed to really be around the generic continuing operation and risk. We shall see. It's not like I haven't been here for 8 years.
Since the filing was a dud, there is nothing left to keep the stock up. I suspect it will sink until, if we we are lucky, we wake up to a rocket. Given the economic climate, they are likely to sit on things as I don't know the value for them to do anything... Hope I'm wrong.
Why are we going back up? There is no news out yet - right?
I thought about this regarding a good or bad time to do a RM. As a counter thought to bad timing, Holloman is in it for the long term so I'm not sure they are trying to time the market. But they may want to wait to start explaining positive change in market conditions versus negative. A question I would have is if they wanted to jump in the market and do a buy back, the market conditions are likely to keep this undervalued in the near term and be a good financial move for them.
That's exactly how I was thinking. There has to be a rumor mill going on that you think would move this along... They would not want that to persist.
I don't think those in the know are buying. I don't think the Holloman Value Holdings can buy until they announce. Wouldn't all of that be insider trading?
Holloman never provided anything to update. This is 100% speculation. They will break the news when they are done, assuming they are doing what we are all thinking...
Josey - I know you have been around along time as I. My brother and I doubled down on shares over the past two years. We went in on the oil field dream. It got so low, we figured whats a bit more to double. sitting on 1M shares. We're just sitting. As more just sit, this will take off as there is no reason to get current after the Pells are sold. Stay strong, but it has been a while for us both...
Only ACanJadaS has been around for years, everyone else jumped in new within the past two months. So they asked to moderate but may only understand all the speculation going on. Even with ACanJadaS, the whole play here changed when the properties were sold. No one had a clue what was happening... Then, they got current on filings and everyone started guessing. There is only speculation at the moment, period. This said it all does make a lot of sense and the odds in this are likely tremendously better than any other opportunity. MHO
Harry - I agree it seems to be going down until news. Buy, buy, buy and get rich on the news. IMHO - it only goes up with news now.
I found it. Do you're DD but it is there. Don't know why it failed but it did not happen. That was a less mature organisation on Hollaman side. Two different worlds...This feels as though the mature repeat.....we will see a better stock price
but we are at lows.
I agree it sucks. But, I've been in for 8 years and have the most hope now. I initially bought in at ~$0.37. Doubled down on shares and averaged down to $0.21. My point - Double your position, average down. There is no reason for HENC to get current and the decision is driven by Holloman Corp...Holloman will do it right, but you will not know anything until everything is known. Right now, it went up fast based on becoming current. No news in a week or so, just has everyone playing. Take advantage of the big drop, and try to give it some time. They seem to be moving quickly, just not light speed to do it right. They had a bad attempt at an IPO 20 years ago. Let them do it right and you will be rewarded. Humble, LT invested opinion...
Buc, Everything I have heard is generally wrong. Hell when I got in, it had a different name. My understanding is the company is still cleaning some stuff up, but how long does that take...? What I hear is no different then 8 years ago and its happening soon...like it was 8 years ago.
So like the other board, until current and news its not going anywhere. And unlike the other board, there is nothing to speculate here so it just goes down as people want to get out and some average down to play it out.
I realize this doesn't help... The lack of information from OTC companies kills me.
I think of it changing from a 8 month deal to an 8 year deal with Genstock. 8 years is this year for me... 4 stocks - Let's see FTMR and HENC can go for a ride finally...
W3R - Bloomberg is posting the HENC site (which is down) for the HENC stock. Everyone is referring to the Holloman Corp website which has been being updated.
Wow. Thought that was going different.
My best was $0.00365. My worst was $0.37 about 8 years ago... Doubled my shares between $0.1 and $0.01 to averaged down. The speculation is interesting. Hollowman seems to be a good company. They always did right with HENC and HENC shareholders over the years. I wish they would announce already as making and losing this amount of $$ on a daily basis is exhausting...
That link is fairly dated. HENC stopped reporting for a period of time as what they were doing was in limbo and it was expensive. They sold the properties at the end of last year and the stock went to $0.01. Then, the company all of a sudden became current in 2020, less an 8K I believe. So the run up has been on the thinking that Holloman who owns 56% (might be 54%) of HENC with a number of Holloman employees are doing something big with it.
Sorry not accurate - HENC sold the properties in Q4 of last year. There are no assets here - at the moment.
Thanks. That's what I thought, but another post someone had wanted me to fact check...
What's Holloman's Gross Revenue?
AS is 150M, not 1.5M. As it moves to the OTCQX, minimum requirements in share price is $4 or $5 depending upon the section I look at. Would seem like the company would want to be a good step above that in entering the OTCQX. Also, at that range, it's still a penny stock and Holloman will not want to be viewed near that. That was my thought.
Given the share pricing requirements in the OTCQX, it feels like a reverse stock split may be in our future for which I have not had one that was accretive for me yet afterwards. Also, it seems like to list on the OTCQX the share price needs to be higher than $1 for 90 days. This said OTCQX in Q4 if they move fast.
I put a small sell order in at $10 for fun last night - just in case.
Buc - I'm in it with you and others at He*nc. Likely through the same person. I was surprised to see that there may be an investment from FTMR in He*nc. I didn't spend enough time to research the amount. Clearly, it will add to FTMR, but FTMR needs to finish getting its sh*it together. I hope that is soon as I'm approaching 10 years on a quick deal....
Help – As a question, I understand the reverse merger at a high level but why would Holloman stick part or all of its company into HENC when they only own 56% of HENC? Why would Holloman ESOP dilute itself in that way? If they were buying shares now, would they not need to disclose given their ownership %? Just looking for clarification...
I know but its wrong. If it was 100%, it would be a private company. Hollomen Corp is private, HENC is being traded here and I've owned a piece for way too long. But, I did average down between $0.10 and $0.01 and glad I stayed for this.
What are they missing? I thought they became current and the 8k was not due yet.
Help – As a question, I understand the reverse merger at a high level but why would Holloman stick part or all of its company into HENC when they only own 56% of HENC? Why would Holloman ESOP dilute itself in that way? If they were buying shares now, would they not need to disclose given their ownership %? Just looking for clarification...
That's what I recall as well. I've been in HENC as long as you. Not sure if that's good or bad. Always thought this was a quicker play... This and FT*MR, but feeling 2020 will be good to us finally!
They are for the former HENC operating company. The Pells were sold, became a shell. Now they are getting current on all reporting with speculation from some to all of Holloman Corp will go in it. I don't believe there is any debt and likely some tax off sets from previous HENC loses.
Question: If Holloman Corp was adding shares of HENC, would it need to be filing disclosures? If they were planning to do what we expect at some level, could they even buy now?
As a guy that has been here for 9 years, road this all the way down and accumulated double between $0.01 and $0.001. Nice to see something happen. As some have stated, management is closed lipped. We won't know what the plan is until it's done... Great day though.
A few things with a lot misinformation. That said HENC is Majority owned by Holloman Corporation. HENC was into oil exploration and that land was sold - for little and the stock went dormant. Very recently the stock became active as Henc brought current its reporting on the OTC. Speculation is a portion of Holloman or all is going into the shell to go public. I've been in it for about 8 years, the poor information from HENC which means who knows. But if it is now a Holloman unit or all, I may have an out but not what I thought. Hope it helps.
Hope you are right. I've been pessimistic as I took the hype when this company was called Strongbow 7 or 8 years ago and have just been holding on (It's been so long I think that name is right). I guess I took the hype and stayed in the stock at $3.00. We shall see.
Throwing the whole company in may be a stretch, but there could be a subsidiary / division that they may want to monetize. I've been in HENC for years. Frankly too long. If Holloman is cleaning this shell up, you have to think they will do something with it or why bother. They have the majority shares and have a good number of employees are HENC shareholders I believe. But, management has never done a good job in communicating so we will know when it's done...